Bitwise Buys Chorus One to Expand Staking Services

Bitwise Asset Management has acquired institutional staking provider Chorus One in a move designed to significantly expand its multichain staking capabilities.

Key Takeaways

• Bitwise has acquired Chorus One, which oversees about $2.2 billion in staked assets.
• The deal expands Bitwise staking services across 30 plus proof of stake networks.
• Around 50 technology professionals will join Bitwise.
• Bitwise now manages over $15 billion in client assets and employs nearly 200 people worldwide.

What Happened?

Bitwise Asset Management announced the acquisition of Chorus One, a leading institutional staking provider founded in 2018. Chorus One will now operate under Bitwise Onchain Solutions, the firm’s staking division that serves institutional investors, family offices, and financial platforms.

The terms of the deal were not disclosed. Keefe, Bruyette and Woods, a Stifel company, served as exclusive financial advisor to Chorus One.

Bitwise Expands Its Staking Ambitions

With this acquisition, Bitwise Onchain Solutions strengthens its position in the growing proof of stake ecosystem. Chorus One supports staking across more than 30 networks, including Solana, Hyperliquid, Monad, Avalanche, Sui, NEAR, Aptos, Tezos, and TON.

The integration brings several key enhancements:

• Expanded staking infrastructure across major proof of stake chains.
• Deeper research coverage on protocol and governance developments.
• Addition of approximately 50 experienced technology professionals.

Bitwise CEO Hunter Horsley said:

The deal significantly boosts Bitwise’s technical depth while reinforcing its fiduciary approach and reputation for reliability.

Strengthening Institutional Infrastructure

Since its founding in 2018, Chorus One has built a global client base that includes family offices, high net worth individuals, funds, traditional financial institutions, exchanges, custodians, and decentralized protocols.

Bitwise Chief Technology Officer Hong Kim said:

Chorus One CEO and Co founder Brian Crain emphasized the long term vision behind the merger. He said:

The core Chorus One team will join Bitwise, while Crain will serve in an advisory role. Following the acquisition, Bitwise now employs nearly 200 people worldwide.

Broader Expansion Strategy

The acquisition comes as Bitwise broadens its product lineup beyond single product crypto funds. Earlier this month, the firm launched model portfolio solutions for financial advisers and filed documents to list exchange traded funds tied to event contracts related to the 2028 United States presidential election.

These moves signal that Bitwise is positioning itself not just as a fund issuer, but as a full scale digital asset platform serving institutional capital.

CoinLaw’s Takeaway

In my view, this is a smart and timely move. Institutional staking is becoming a core revenue stream in crypto, especially as more investors hold spot digital assets long term. I have seen how demand for secure and compliant staking solutions continues to rise among institutions. By acquiring Chorus One, Bitwise is not just adding assets, it is adding serious infrastructure talent and research depth.

What stands out to me is the multichain exposure. Supporting over 30 networks gives Bitwise a diversified edge in a competitive market. If proof of stake continues to dominate blockchain development, this deal could position Bitwise as one of the strongest institutional staking providers globally.

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